Amcor launches new open-call initiatives
Packaging specialist invests 3 million USD annually to foster technical collaborations with innovative start-ups.
Amcor, one of the responsible packaging leaders, has launched two new editions of its open-call initiative, Amcor Lift-Off, to deepen its focus on research and development (R&D) opportunities and key emerging technologies: Amcor Lift-Off Sprints and Amcor Lift-Off Connect.
These new initiatives will build upon the program’s success with innovative start-ups like Greyparrot’s AI-powered waste recognition system, Circolution’s reusable packaging, Nfinite Nanotechnology’s sustainable coatings and Bloom Biorenewables’ bio-based polyethylene terephthalate (PET).
Amcor Lift-Off Sprints is designed to foster technical collaborations with start-ups whose technologies address specific R&D challenges. Successful start-ups will enter a joint development agreement with Amcor’s R&D team and receive up to 500,000 USD in funding. The first session of Amcor Lift-Off Sprints is scheduled for early 2025, with more details to be announced early next year. Amcor plans to hold two sessions annually.
Amcor Lift-Off Connect aims to form strategic partnerships and pilots with start-ups that address challenges beyond R&D. While similar in approach to the Sprints edition; its goal is to nurture collaborations that could lead to further investments. The first session on December 4 will focus on AI in manufacturing and R&D. Future sessions of Amcor Lift-Off Connect will be announced next year, with the aim of conducting two sessions per year.
Amcor seeks to advance open innovation and collaboration with early-stage start-ups through these programs, expanding joint development partnerships in new areas like AI. Amcor is committed to investing up to 3 million USD annually in these partnership activities, including direct investments and in-kind R&D support. Additionally, this will encourage collaboration between Amcor, its customers and the winning start-ups, exploring opportunities for three-way collaboration agreements.
Frank Lehmann, vice president of corporate venturing and open innovation at Amcor, said: ‘We are excited to expand our already successful Amcor Lift-Off initiative and further energize the packaging industry by elevating these cutting-edge technologies. This is an important opportunity to work alongside our customers to provide them with the most innovative solutions available to tackle today’s packaging challenges.’
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